Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Newark area can be challenging. Home prices in Newark are now at a median cost of $292,363, higher than the Delaware average of $282,938.
The average cost of rent is $1,400/mo in Newark, primarily driven by the current value of real estate in the Newark area. While nearly 34.46% of residents own their homes outright in Newark, 40.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newark is $6,924 per month. Households that rent pay about 20.22% of their income on rent here. Newark's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Brookside, DE: less expensive homes
- Bear, DE: equally priced homes
- Glasgow, DE: equally priced homes
- Elk Mills, MD: equally priced homes
- New Castle, DE: less expensive homes
- Newport, DE: less expensive homes
- Elkton, MD: less expensive homes
- Wilmington Manor, DE: less expensive homes
- Hockessin, DE: higher priced homes
- Colonial Acres, MD: less expensive homes
Cities with Similar Populations
- Springdale, AR: less expensive homes
- Spring, TX: less expensive homes
- St. Augustine, FL: equally priced homes
- Spartanburg, SC: less expensive homes
- Spring Valley, NV: equally priced homes
- Sparks, NV: higher priced homes
- Springfield, IL: less expensive homes
- Southfield, MI: less expensive homes
- Springfield, MA: less expensive homes
- Springfield, OR: less expensive homes
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